Kenya branch gets PRT tax demand of ~INR 81 lakhs from Kenya Revenue Authority

Regulatory & Legal View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+5.3%Reaction day

₹1301.10

prior close

₹1357.90

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.4%+4.9% vs market

Civil Construction peers, median of 100sector+0.2%+5.1% vs sector

On the reaction day the stock moved 4.9 pts more than Nifty Smallcap 250 and 5.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+5.3+0.4+4.9+0.2+5.1

Next day

+5.3+1.2+4.1+0.5+4.7

+4.8+1.8+3.0+0.9+4.0

+7.5+2.4+5.1+1.3+6.2

+11.4+3.2+8.1+2.3+9.0

+10.7+2.6+8.0+1.6+9.1

+6.1+2.4+3.8+0.4+5.7

15d

+2.6+1.8+0.9-3.0+5.6

+1.7+4.7-3.1-2.6+4.3

+8.1+5.9+2.2-4.6+12.7

+7.0+3.3+3.7-10.1+17.1

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 100Pending

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AI summary

Kalpataru Projects' Kenya branch office has received an assessment notice from the Kenya Revenue Authority demanding Profit Repatriation Tax (PRT), interest, and penalty for FY2024. The penalty component alone is KES 11,07,578 (~INR 80.95 lakhs). The company plans to file objections within prescribed timelines. Management has stated the demand has no significant impact on the company's financials or operations.

Likely market impact

Minor ~INR 81 lakh penalty demand from foreign tax authority; company to contest. No material impact stated.